06 June 2009
Is it necessary to disclose in form 3CD when a loan is received for Rs.2,50,000/- towards vehicle loans from any nationalised bank or from NBFC
06 June 2009
Clause 24(a(v) and 24(b)(iv) needs disclosure of the mode of acceptance/repayment of the loan or deposit. Therefore , particulars of all loans/deposits exceeding the limit whether accepted/repaid in cash or otherwise need to be disclosed.Exception to disclosure for 269 SS are to banking company,govt company or a corporation established by central,state or provincial Act.
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